132
132
Dec 30, 2012
12/12
by
CSPAN
tv
eye 132
favorite 0
quote 0
and the differences have always been that president obama has maintained that tax cuts should be allowed to expire for people making more than $250,000. mitt romney called for extending all the tax cuts fully. and making other changes to the tax code. but, you know, i mean, he wouldn't be in office right now anyway. so i think we would still be here talking about what to do come january 1. host: all right. david in maine on our line for independents. go ahead, david. caller: yes. i've been around for a few years and i've seen this coming since 1970. when revenue -- when wages did not go up, revenue doesn't come into the government. and when we constantly spend and promote money, shipment overseas, shipment job overseas, and we blame people like me on social security, you know we're elite on systems. excuse my language. host: david, we're going to leave it there. joseph rosenberg. guest: it is true right now that tax collections are at near historic low but that largely remains a result of the still weak economy. and so when the economy went into recession in late 2008, tax collections re
and the differences have always been that president obama has maintained that tax cuts should be allowed to expire for people making more than $250,000. mitt romney called for extending all the tax cuts fully. and making other changes to the tax code. but, you know, i mean, he wouldn't be in office right now anyway. so i think we would still be here talking about what to do come january 1. host: all right. david in maine on our line for independents. go ahead, david. caller: yes. i've been...
82
82
Dec 29, 2012
12/12
by
FBC
tv
eye 82
favorite 0
quote 0
whether it is obama's tax increase, whether we get obama's tax increase tomorrow or get it a month from now the net result is still the same. we're going to have a less competitive economy because of what is coming out of washington. adam: chime in, rick said, nah why do you say that? >> you will get a tax increase. i think number will be closer to 500,000 before we're done. certainly closer than 250,000. this is, i don't know, for years i've had to listen to this, it is going to hurt our economy if we raise taxes on the top 2%. there are many things happening that can hurt our economy. the fact we're having this conversation two or three days before the end of the year is hurtings our economy. adam: but we've seen that. >> raising taxes isn't going to be it. adam: let me bring dan back in here. dan, i want to ask you, raising taxes only raises $80 billion at best in a budget almost a trillion dollars over budget. so what do you to fix that problem? >> all we have to do to balance the budget in 10 years limit the growth of government spending so that the budget climbs by an average 2.5%
whether it is obama's tax increase, whether we get obama's tax increase tomorrow or get it a month from now the net result is still the same. we're going to have a less competitive economy because of what is coming out of washington. adam: chime in, rick said, nah why do you say that? >> you will get a tax increase. i think number will be closer to 500,000 before we're done. certainly closer than 250,000. this is, i don't know, for years i've had to listen to this, it is going to hurt our...
230
230
Dec 29, 2012
12/12
by
MSNBCW
tv
eye 230
favorite 0
quote 0
meeting this the red room, president obama held firm for tax cuts for families making up to $250,000 per year, and joining me on the north lawn of the white house is kristen welker. kristen, let's listen to what the president said about and up or down vote or what he expects from the senate. >> i had a good and constructive discussion here with the leadership about this tax hike on the middle-class. i am optimistic that we can reach an agreement that will be passed in both houses. if an agreement is not reached in time between senator reid and senator mcconnell, then i will urge senator reid to bring to the floor and up or down vote for the floor, and i believe a p proposal could pass both houses with majorities as long as the leaders allow it to actually come to a vote. if members of the house or the senate want to vote no, they can. but we should let everybody vote. >> kristen, this up or down vote seems to be be the big news of the day, and isn't this what the white house wanted all along? >> well, it is. it is prp's way of saying, look, vote on his basic proposal, the proposal th
meeting this the red room, president obama held firm for tax cuts for families making up to $250,000 per year, and joining me on the north lawn of the white house is kristen welker. kristen, let's listen to what the president said about and up or down vote or what he expects from the senate. >> i had a good and constructive discussion here with the leadership about this tax hike on the middle-class. i am optimistic that we can reach an agreement that will be passed in both houses. if an...
118
118
Dec 28, 2012
12/12
by
CSPAN
tv
eye 118
favorite 0
quote 0
the bush-era tax cuts will expire at the end of this year. obama was elected with a surplus of about three million votes. he won the election. he campaigned on this issue. again, the speaker can't take yes for an answer. the president has presented him something that would prevent us from going over the cliff. it was in response to something the speaker gave to the president himself, but again, i guess with the dysfunctional republican caucus in the house, even the speaker can't tell what they are going to do because he backed off even his own proposal. mr. president, the house we hear so often is controlled by the republicans, and we acknowledge that. i would be most happy to move forward on something that senator mcconnell said they wouldn't filibuster over here that he would support and that boehner would support if it were reasonable, but right now they are -- we haven't heard anything. i don't know -- and it's none of my business, i guess, although i am very curious -- if the speaker and the majority leader -- the republican leader over
the bush-era tax cuts will expire at the end of this year. obama was elected with a surplus of about three million votes. he won the election. he campaigned on this issue. again, the speaker can't take yes for an answer. the president has presented him something that would prevent us from going over the cliff. it was in response to something the speaker gave to the president himself, but again, i guess with the dysfunctional republican caucus in the house, even the speaker can't tell what they...
188
188
Jan 1, 2013
01/13
by
CSPAN
tv
eye 188
favorite 0
quote 0
the obama approach is to take to savings and put that into lowering the tax rates. one way to address this would be to close the loopholes and use some of the savings to invest in the economy can invest in social insurance and help out people that are looking for jobs. host: a lot of focus about speaker boehner's role. this is being called the biden- mcconnell plan. what do you make of mitch mcconnell's role? guest: he is up in 2014. his story about a primary from his right. hard right republicans are not particularly fond of mcconnell. he has to walk a fine line, as does john boehner. he had a few of these guys fote vote no. that's not the same as john boehner, who didn't have the votes in his caucus. the tea party republicans refused to back anything that would give an inch to the white house. host: harry reid did not have a role in these negotiations. guest: harry reid could not get his caucus to go along with the threshold. reid was not able to bring along a lot of his members to the deal. so biden stepped in. redid on board now. he refused to put social securit
the obama approach is to take to savings and put that into lowering the tax rates. one way to address this would be to close the loopholes and use some of the savings to invest in the economy can invest in social insurance and help out people that are looking for jobs. host: a lot of focus about speaker boehner's role. this is being called the biden- mcconnell plan. what do you make of mitch mcconnell's role? guest: he is up in 2014. his story about a primary from his right. hard right...
209
209
Dec 30, 2012
12/12
by
CNNW
tv
eye 209
favorite 0
quote 0
raising taxes on rich people is what obama talks about instead of doing his job. there are two costs to this. one, if you take money out of savings and investment, which is what you're doing with this, it doesn't help, it reduces the incentives to save, invest and work and the other thing you do is you never get to reform government entitlements. >> that's not causal. >> it is, absolutely. >> that's not really. >> you live in new york i live in d.c., washington, this is all causal. the reason he's talking about tax increases is to avoid the conversation and dealing with spending restraints. that's why obama does what he does. >> the reason i doubt that, grover, is because we've all done the math and we all absolutely agree on the math that you can't get out of the deficit hole we're in by taxing rich people even if you tax them at 100%. everybody know knows that. so when republicans say we don't have a tax problem, we have a spending problem, the fact is we've got both and we can deal with that. you gave your blessing to the proposal that john boehner put together
raising taxes on rich people is what obama talks about instead of doing his job. there are two costs to this. one, if you take money out of savings and investment, which is what you're doing with this, it doesn't help, it reduces the incentives to save, invest and work and the other thing you do is you never get to reform government entitlements. >> that's not causal. >> it is, absolutely. >> that's not really. >> you live in new york i live in d.c., washington, this is...
224
224
Dec 29, 2012
12/12
by
FOXNEWSW
tv
eye 224
favorite 0
quote 0
hike january 1, cuts, gives back $3 trillion of it and the bush tax cuts then become the obama tax cuts and he seems like the guy that is the tax cutter in all of this and this is a strategy, a plan from the very beginning. >> i don't think that is going to happen. i think the key is whether boehner uses the hastert bill which was to never put a bill forward that the majority in the party is not going to vote for. if he will put the hastert rule aside and give republicans a path to vote no that allows the president and the democrats to add their votes where the minority of republicans to pass this thing and i think bill cunningham is right about how this may well play out. i don't think the president want -- the president does not want to go over the cliff. the last thing he needs right now is to -- is to risk going into a second recession. the first one he can blame on push and democrats and i'm there with him. the second one will be his and on his watch. >> sean: there has been a bill in the united states senate that extends the bush tax cuts for everybody and he could at least -- the
hike january 1, cuts, gives back $3 trillion of it and the bush tax cuts then become the obama tax cuts and he seems like the guy that is the tax cutter in all of this and this is a strategy, a plan from the very beginning. >> i don't think that is going to happen. i think the key is whether boehner uses the hastert bill which was to never put a bill forward that the majority in the party is not going to vote for. if he will put the hastert rule aside and give republicans a path to vote...
153
153
Dec 30, 2012
12/12
by
CSPAN
tv
eye 153
favorite 0
quote 0
president obama was on "meet the press" today andy said the pressure is on congress. on friday, he was optimistic after meeting with congressional leaders, but if they cannot come up to an agreement he wants the senate to put in a bill. live coverage bomb the -- of the senate on c-span 2. returning at 2:00 p.m. eastern in the house with boats as early as 6:30 p.m. -- votes as early as 6:30. you can watch a live house coverage iran c-span. more on the fiscal cliff from this morning's "washington journal." host: our topic is the fiscal cliff. of we have done for last several sundays, we welcome the policy director for the concord coalition and a columnist for roll call newspaper. thank you for coming back. stan, as we stand on the edge of the fiscal cliff, is there any chance we do not go over? guest: we are relying on a senate that has been dysfunctional and avoided a filibuster when it will be really easy for one or more senators who do not like tax increases to just filibuster round and we are relying on a house that could not take the lead. it's important to state t
president obama was on "meet the press" today andy said the pressure is on congress. on friday, he was optimistic after meeting with congressional leaders, but if they cannot come up to an agreement he wants the senate to put in a bill. live coverage bomb the -- of the senate on c-span 2. returning at 2:00 p.m. eastern in the house with boats as early as 6:30 p.m. -- votes as early as 6:30. you can watch a live house coverage iran c-span. more on the fiscal cliff from this morning's...
198
198
Dec 31, 2012
12/12
by
CSPAN
tv
eye 198
favorite 0
quote 0
speaker, the fiscal cliff is more than just the tax increases that president obama so dearly wants. the effect of the s.g.r. formula means that physicians who treat medicare patients will be forced to limit the number of seniors that they see, fewer patients being seen, doctors forced not to see patients because of foolish washington policy. this jeopardizes health care for millions of folks. the sustainable growth rate, the formula used by medicare to determine physician reimbursement, needs to be repealed. it doesn't work for patients and it doesn't work for doctors. and it's destructive to the very principles that we hold dear about health care. it violates accessibility. it violates quality, and it limits choices, it harms real people. now, there are positive solutions that we're working on so we may responseably reform this broken system, but while we work to put in place a system that actually makes sense, we must provide certainty for patients and their doctors for the new year. . slashing payments to doctors is a terrible idea and it must be stopped. the s.g.r. needs to be p
speaker, the fiscal cliff is more than just the tax increases that president obama so dearly wants. the effect of the s.g.r. formula means that physicians who treat medicare patients will be forced to limit the number of seniors that they see, fewer patients being seen, doctors forced not to see patients because of foolish washington policy. this jeopardizes health care for millions of folks. the sustainable growth rate, the formula used by medicare to determine physician reimbursement, needs...
84
84
Dec 30, 2012
12/12
by
CSPAN
tv
eye 84
favorite 0
quote 0
they still have a standoff where president obama had wanted to preserve all of the tax rates. now there is discussion of possibly raising that initial 500,000. that is the kind of thing that makes it more difficult for democrats. when you throw in the state tax rates, that makes it more difficult. senator mitch mcconnell said that he reached out to joe biden and called joe biden to help him broker something. behind closed doors, the respective caucuses on both sides, taking stock. >> let's say that there was some sort of legislation taken up by the house, what is the timetable for getting this work done? >> there is always the difficulty of the time table. the house as a rule that requires legislation to be posted for three days before there is a chance to read it. that said there is a deal where there can be a much quicker movement. i know this sounds difficult for americans to think that there is still time, but there is still time. the tax rates do not expire until tomorrow at the end of the day. even if they do not do something tonight, there is still time tomorrow. even i
they still have a standoff where president obama had wanted to preserve all of the tax rates. now there is discussion of possibly raising that initial 500,000. that is the kind of thing that makes it more difficult for democrats. when you throw in the state tax rates, that makes it more difficult. senator mitch mcconnell said that he reached out to joe biden and called joe biden to help him broker something. behind closed doors, the respective caucuses on both sides, taking stock. >>...
272
272
Dec 28, 2012
12/12
by
FOXNEWSW
tv
eye 272
favorite 0
quote 0
pass the obama tax cut and reinstate the sequester cuts to things like he likes like the national institute of health and cut the defense budget. put republicans in the corner to say you want to bring a bill to the floor? be my guest. am i right? >> bob: my, you are cynical. keep in mind, they said, boehner said he wants to go to the senate. under the constitution, you cannot start a bill on taxes in the senate. has to come from the house. there is a 48-hour limit because you have to have the house of representatives look at it. i think the deal is cut. they will get legislation and vote on it late monday night. >> andrea: do you think a deal is cut? i talk to people and they say no deal. >> eric: there is no deal. they are saying no deal. president obama coming back to d.c. to fix what he broke in the first place. two solid years to deal with it. this is a gimmick, the flying back from hawaii to do this. nothing going over the fiscal cliff. let the tax cut expire. come back in, offer the tax cuts for people under 250. call them obama cuts and get it going. if you are in congress. you make
pass the obama tax cut and reinstate the sequester cuts to things like he likes like the national institute of health and cut the defense budget. put republicans in the corner to say you want to bring a bill to the floor? be my guest. am i right? >> bob: my, you are cynical. keep in mind, they said, boehner said he wants to go to the senate. under the constitution, you cannot start a bill on taxes in the senate. has to come from the house. there is a 48-hour limit because you have to have...
127
127
Dec 30, 2012
12/12
by
CSPAN
tv
eye 127
favorite 0
quote 0
host: you bring up reforms needed for the tax code in a continuing series on what president obama and congress should tackle in the next four years today. the "new york times" lead editorial is why the economy needs tax reform. that editorial today in the "new york times" if you want to check it out. we'll go now to linda from indiana this morning on the independent line. caller: good morning. afe couple points to make. i can't understand why a handful of bureaucrats are able to control all the american citizens. i think there ought to be term limits. and if they don't do their job, instead of electing people why don't we throw them all out and appoint somebody and when they don't do their job they're the ones who get the pink slip. i just don't understand the way this economy is going. the e.p.a. is regulating and pushing through cutting down on energy, the poor coal miners, because they want that clean energy. we've got a plant right here not just a few miles from me. they burn clean coal. if i was in there, they would probably have me assassinated in a week because i would have a l
host: you bring up reforms needed for the tax code in a continuing series on what president obama and congress should tackle in the next four years today. the "new york times" lead editorial is why the economy needs tax reform. that editorial today in the "new york times" if you want to check it out. we'll go now to linda from indiana this morning on the independent line. caller: good morning. afe couple points to make. i can't understand why a handful of bureaucrats are...
700
700
Jan 1, 2013
01/13
by
MSNBCW
tv
eye 700
favorite 0
quote 0
because the tax rates are not the ones that president obama campaigned on. remember the president campaigned saying that he wanted to see taxes going up on those making $250,000 or more. this of course raises taxes on people making $400,000 or more, if you're single, $450,000 for a couple. so folks on the left saying this is not good enough. but the white house, mitch mcconnell, vice president joe biden believes it is a good deal because it represents compromise on all sides. i also spoke to one of my democratic sources who said look, if you look at the way the sequester has worked out, yes, it has only staved off for two months. however, they are off setting the cuts both through revenue as well as spending cuts. the reason democrats believe it is significant is because when they revisit this issue in two months they will set a precedent through revenues, as well as spending cuts. this is something democrats have not won on, in a long time this idea of new revenues. so they believe this sets a new, important precedent as they move forward. now as we reporte
because the tax rates are not the ones that president obama campaigned on. remember the president campaigned saying that he wanted to see taxes going up on those making $250,000 or more. this of course raises taxes on people making $400,000 or more, if you're single, $450,000 for a couple. so folks on the left saying this is not good enough. but the white house, mitch mcconnell, vice president joe biden believes it is a good deal because it represents compromise on all sides. i also spoke to...
302
302
Dec 28, 2012
12/12
by
FOXNEWSW
tv
eye 302
favorite 0
quote 0
kimberly: coming up, obama tax cut. hillary clinton is coming back to work after her concussion. will she finally face the music on the benghazi attack? the head of the epa is stepping down after shady behavior sun covered. that's next on "the five." ♪ ♪ mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because offers a superior level of protection, and because usaa's commitment to serve the military, veterans and their families is without equal. begin your legacy, get an auto insurance quote. usaa. we know what it means to serve. when the doctor told me that i could smoke for the first week... i'm like...yeah, ok... little did i know that one week later i wasn't smoking. [ male announcer ] along with support, chantix is proven to help people quit smoking. it reduces the urge to smoke. some people had changes in behavior, thinking or mood, hostility, agitation, depressed mood and suicidal thoughts or
kimberly: coming up, obama tax cut. hillary clinton is coming back to work after her concussion. will she finally face the music on the benghazi attack? the head of the epa is stepping down after shady behavior sun covered. that's next on "the five." ♪ ♪ mine was earned off vietnam in 1968. over the south pacific in 1943. i got mine in iraq, 2003. usaa auto insurance is often handed down from generation to generation. because offers a superior level of protection, and because...
142
142
Dec 31, 2012
12/12
by
MSNBCW
tv
eye 142
favorite 0
quote 0
it's that president obama has retreated on his hard line on taxes. obama may think his conciliatory approach has helped avoid economic chaos. instead, he is courting it." i want to go right to jimmy williams because you have been a senate staffer. you understand how this thing works. why would the white house even bother to increase from 250,000 to 400,000. they don't really have to. they're winning this fives fight. >> the only people that actually care whether or not the threshold is 250,000 to 400,000 are these people that are going to vote on it. nobody else really cares. all they really care is that you get a deal. these people are sitting at ground zero. these snores, these liberals. i'm a liberal. i don't care what the thereby hold is. i don't give a damn if it's a million. i just want them to get a deal or go over the cliff, but somebody just make up your mind up on capitol hill. that's what the american people would like to hear. here's the bottom line. even if they do get a deal at 450,000 or 500,000 or whatever that number is, barack obama
it's that president obama has retreated on his hard line on taxes. obama may think his conciliatory approach has helped avoid economic chaos. instead, he is courting it." i want to go right to jimmy williams because you have been a senate staffer. you understand how this thing works. why would the white house even bother to increase from 250,000 to 400,000. they don't really have to. they're winning this fives fight. >> the only people that actually care whether or not the threshold...
173
173
Jan 1, 2013
01/13
by
CSPAN2
tv
eye 173
favorite 0
quote 0
a huge loophole in the estate tax. a very low tax on dividends. and only the very top tax bracket for the wealthiest among us was touched at all. it wasn't the $250,000 level that president obama had said he was fighting for. it was $400,000 plus. there aren't many folks who are at that level and only that top bracket was touched. so if you are very well off in america, you got a very good deal last night but america got a big problem, which is the potential for enduring deficits, structural deficits that undermine the soundness of our future finances. in addition, the bill that we considered last night created some additional fiscal cliffs in the very near future, within two months, within march. and one is that it doesn't address the debt ceiling. now, debt ceiling isn't about what we spend, not about the decisions on what we spend, it's whether or not we're going to pay the bill after the spending has been authorized. it's like saying to yourself, you know, when the credit card bill comes, i'm just not going to pay it. because i shouldn't have
a huge loophole in the estate tax. a very low tax on dividends. and only the very top tax bracket for the wealthiest among us was touched at all. it wasn't the $250,000 level that president obama had said he was fighting for. it was $400,000 plus. there aren't many folks who are at that level and only that top bracket was touched. so if you are very well off in america, you got a very good deal last night but america got a big problem, which is the potential for enduring deficits, structural...
187
187
Dec 28, 2012
12/12
by
FOXNEWSW
tv
eye 187
favorite 0
quote 0
obama starting the warfare about taxing the rich. reid sat on the bill. why didn't he bring it up for a vote? why didn't it get fair debate? mr. reid hasn't passed a budget and we going to believe they're serious about the fiscal problems? let's go offense the cliff. >> we have two cameras outside the white house right now. that one i believe is perched on pennsylvania avenue and we have another camera which is perched facing the side entrance. those are the suvs that likely boehner, mcconnell, pelosi and reid will come out of. let's talk about the deal. what if there's a deal, craig, for, i don't know, say 4 hr $500,000 the threshold of who gets taxes and who keeps -- everybody under that number keeps their tax cuts. everyone over pays more and there's spending cuts. is that a bad deal? >> yeah. i think it is. let me tell you why. because you can't get everything out of this deal that you want and frankly, all we're doing is kicking the can down the road. you know as well as i do this does nothing to deal with the $1 trillion plus deficits we have yearly
obama starting the warfare about taxing the rich. reid sat on the bill. why didn't he bring it up for a vote? why didn't it get fair debate? mr. reid hasn't passed a budget and we going to believe they're serious about the fiscal problems? let's go offense the cliff. >> we have two cameras outside the white house right now. that one i believe is perched on pennsylvania avenue and we have another camera which is perched facing the side entrance. those are the suvs that likely boehner,...
105
105
Dec 28, 2012
12/12
by
CSPAN
tv
eye 105
favorite 0
quote 0
obama ran on we're not raising taxes. now, income is a weird thing. i mean, look, i can make $250,000 in income as a working person and my taxes will go up. but if i was mitt romney the ex-presidential loser who made $15 million based on -- what is it tax deferred investments then my taxes won't go up a bit. the republican party is not interested in helping this country they are helping a narrow sliver. >> we're going to leave it there. we're going to keep continuing coverage bringing you updates from the white house or the floor of the capitol. we heard from president obama earlier from the white house briefing room. we're going to take a look at his comments now on the fiscal cliff and the prospects for a deal going forward. >> good afternoon, everybody. for the past couple of months i've been working with leaders from both parties to try to forge an agreement that will grow our economy and shrink the deficit. a balanced plan that will cut spending in a responsible way but also ask the wealthiest americans to pay a little more. above all, avoid the
obama ran on we're not raising taxes. now, income is a weird thing. i mean, look, i can make $250,000 in income as a working person and my taxes will go up. but if i was mitt romney the ex-presidential loser who made $15 million based on -- what is it tax deferred investments then my taxes won't go up a bit. the republican party is not interested in helping this country they are helping a narrow sliver. >> we're going to leave it there. we're going to keep continuing coverage bringing you...
94
94
Dec 28, 2012
12/12
by
CSPAN
tv
eye 94
favorite 0
quote 0
we had the bush tax cuts that began in 2001 and 2003. we extended them under president obama. those are set to end on monday. $110 billion in annual spending cuts were agreed to under president obama as part of the debt ceiling negotiation. those begin on tuesday. we have the payroll tax cut in place for two years, takes about two percentage points off people's taxes, bill will end on monday. business tax breaks, bill will end on monday. the alternative minimum tax, which is confusing, but it would be a disaster if that was not taken care of, because it would raise the taxes of about 30 million americans for their 2012 income and 2013. and all the confusion could screw up the whole tax filing season. who knows when you will be filing your taxes, because the irs does not know which tax rates will be applied and who will be responsible for paying what. so it's going to be a mess if this is not handled quickly. host: if we are sitting here a month from now after the inauguration and there's still no final agreement on taxes, could that the label 15 -- guest: no doubt about it. se
we had the bush tax cuts that began in 2001 and 2003. we extended them under president obama. those are set to end on monday. $110 billion in annual spending cuts were agreed to under president obama as part of the debt ceiling negotiation. those begin on tuesday. we have the payroll tax cut in place for two years, takes about two percentage points off people's taxes, bill will end on monday. business tax breaks, bill will end on monday. the alternative minimum tax, which is confusing, but it...
118
118
Jan 1, 2013
01/13
by
CSPAN
tv
eye 118
favorite 0
quote 0
the obama approach is to take to savings and put that into lowering the tax rates. one way to address this would be to close the loopholes and use some of the savings to invest in the economy can invest in social insurance and help out people that are looking for jobs. host: a lot of focus about speaker boehner's role. this is being called the biden- mcconnell plan. what do you make of mitch mcconnell's role? guest: he is up in 2014. his story about a primary from his right. hard right republicans are not particularly fond of mcconnell. he has to walk a fine line, as does john boehner. he had a few of these guys vote no. that's not the same as john boehner, who didn't have the votes in his caucus. the tea party republicans refused to back anything that would give an inch to the white house. host: harry reid did not have a role in these negotiations. guest: harry reid could not get his caucus to go along with the threshold. reid was not able to bring along a lot of his members to the deal. so biden stepped in. reid on board now. he refused to put social security on t
the obama approach is to take to savings and put that into lowering the tax rates. one way to address this would be to close the loopholes and use some of the savings to invest in the economy can invest in social insurance and help out people that are looking for jobs. host: a lot of focus about speaker boehner's role. this is being called the biden- mcconnell plan. what do you make of mitch mcconnell's role? guest: he is up in 2014. his story about a primary from his right. hard right...
172
172
Dec 30, 2012
12/12
by
WTTG
tv
eye 172
favorite 0
quote 0
won and, gets the tax rate increases. on the other hand, you do have another deadline coming in about two months, according to timothy geithner and that is the increase in the debt ceiling and at that point, it would seem to me the republicans hold most of the leverage, because they can at least threaten to send the country into default unless there are serious and main spending cuts. at that point does this obama victory perhaps look a little different? >> well, i mean, i think the question is, are they really going to want to do what they did last time with the debt ceiling, which ultimately caused us to have a downgrade of our economy. do they want to do that again? i think it is a bit of bluffing. i don't think they really want to do that. in terms of the president winning, he has won, though he will catch a lot of grief as byron alluded to from the left for, if he goes up to 400,000, for example, they think he should stick at 250 and don't want any kind of social security cuts and that is on the table apparently in t
won and, gets the tax rate increases. on the other hand, you do have another deadline coming in about two months, according to timothy geithner and that is the increase in the debt ceiling and at that point, it would seem to me the republicans hold most of the leverage, because they can at least threaten to send the country into default unless there are serious and main spending cuts. at that point does this obama victory perhaps look a little different? >> well, i mean, i think the...
132
132
Jan 1, 2013
01/13
by
CSPAN
tv
eye 132
favorite 0
quote 0
again, that is what president obama told us yesterday -- we will run out of other people's money by what is now this year, and he will head to go back to the well, and lower the threshold for texas. -- taxes. i was thinking, greta, what would be a great idea -- currently there is no tax on political campaigns, but a wonderful incentive to make the tax code more fair is if they levied a tax on political campaigns. after all, they usually raise many millions of dollars. it is a million-dollar company. whatever the tax rate is, the highest tax rate for some succor of their making money, -- sucker out there making money, apply that to political campaigns, so they not only have to raise the money for the campaigns, but also the 39% tax. i do not know what you would do with that money, maybe directly to deficit reduction, but i think it would be a nice incentive. host: we should note that while the house is coming in at noon and it could vote as early as 1:00 p.m. today, the senator did not get -- the senate did not go home after building this -- voting earlier this morning. harry reid said th
again, that is what president obama told us yesterday -- we will run out of other people's money by what is now this year, and he will head to go back to the well, and lower the threshold for texas. -- taxes. i was thinking, greta, what would be a great idea -- currently there is no tax on political campaigns, but a wonderful incentive to make the tax code more fair is if they levied a tax on political campaigns. after all, they usually raise many millions of dollars. it is a million-dollar...
232
232
Dec 29, 2012
12/12
by
KPIX
tv
eye 232
favorite 0
quote 0
automatic tax hikes and spending cuts set to kick in january 1st. the president called the meeting constructive, but reminded lawmakers there's not much time left. >> we're now at the point where in just four days every americans' tax rates are scheduled to go up by law. >>reporter: senators harry reid and mitch mcconnell returned to the senate floor, pledging to work through the weekend. >> we are engaged in discussions, the majority leader and myself and the white house, in the hopes that we can come forward as early as sunday and have a recommendation. >> we're going to do the best we can for the congresses we have and for the country that's waiting for us to make a decision. >>reporter: democratic and republican leaders have agreed to extend jobless benefits and some tax increases, but the income threshold is not yet clear. the president and senate leaders are expressing optimism that they'll get the job done, but the president has a backup plan just in case. >> if an agreement isn't reached in time between senator reid and senator mcconnell, th
automatic tax hikes and spending cuts set to kick in january 1st. the president called the meeting constructive, but reminded lawmakers there's not much time left. >> we're now at the point where in just four days every americans' tax rates are scheduled to go up by law. >>reporter: senators harry reid and mitch mcconnell returned to the senate floor, pledging to work through the weekend. >> we are engaged in discussions, the majority leader and myself and the white house, in...
220
220
Dec 31, 2012
12/12
by
CNBC
tv
eye 220
favorite 0
quote 0
remember, we go back -- the bush tax cuts disappear and you add the obama care tax increases. so they're taking the top rate not to 39.6, but to 43.4 for half of all small business income in the country. and people at high income earners of the united states. add to that the 35% corporate income tax and the increases in cap gains. it's a very damaging tax increase that may well be taking effect. >> it's a very difficult position. the members of the gop that have signed your pledge now find themselves in. because either they break the pledge now, which is what appears to be happening, and they acquiesced to these higher tax rates, or we go over the fiscal cliff, or the taxes go higher, and effectively, the democrats could steal your clothes, your political clothes. they could then talk about cutting taxes from those elevated levels. we assume we'll talk about the obama tax cuts and the bush tax cuts, will long since have died. that's a very difficult situation for your guys. >> well, it would be, except the taxpayer protection pledge is not made to me, it's made to the american
remember, we go back -- the bush tax cuts disappear and you add the obama care tax increases. so they're taking the top rate not to 39.6, but to 43.4 for half of all small business income in the country. and people at high income earners of the united states. add to that the 35% corporate income tax and the increases in cap gains. it's a very damaging tax increase that may well be taking effect. >> it's a very difficult position. the members of the gop that have signed your pledge now...
113
113
Dec 31, 2012
12/12
by
FBC
tv
eye 113
favorite 0
quote 0
social security taxes going up tomorrow. obama care taxes going up tomorrow. if you get a bounce to the market, will it last? >> i don't think it will. i think it will be very short lived. i think people will come in and sell the bounce, stuart. then they will look at the details and the details won't look good and this market may take a very big hit because of that. it will be short lived as far as i'm concerned. stuart: i'm picking up on very big hit, key words. what do you mean by that, larry levin? >> the market could -- we saw the market overnight in the s&ps trade down to 1380. i think 1350 is the next spot after that. that's another 50 points below where we're trading in the s&ps alone stuart. that's the kind of big hit i'm talking about. stuart: that would be a big hit. larry levin, thank you very much. happy new year to you. >> happy new year to you. stuart: let's bring in the author of how rich people think. steve, the rich voted not in overwhelming numbers but they certainly gave many of their votes to president obama in the last election. now, the
social security taxes going up tomorrow. obama care taxes going up tomorrow. if you get a bounce to the market, will it last? >> i don't think it will. i think it will be very short lived. i think people will come in and sell the bounce, stuart. then they will look at the details and the details won't look good and this market may take a very big hit because of that. it will be short lived as far as i'm concerned. stuart: i'm picking up on very big hit, key words. what do you mean by...
111
111
Dec 29, 2012
12/12
by
MSNBCW
tv
eye 111
favorite 0
quote 0
offered them a week ago, which only raised about $1.2 trillion in taxes. because here's what i think is going to happen now. if we get a small deal before we go over the fiscal cliff, either because harry reid and mitch mcconnell come to a deal in the senate, or because democrats jam the republicans in congress, it's mostly going to be about extending the bush tax cuts for the middle class, which will mean letting them expire for the rich. that will net somewhere around $600 billion in new tax revenue. the white house will pocket that. they will have got in three quarters of what they wanted last year, before even the negotiations had really kicked off. then we're going to go over the cliff and the pressure will mount quickly to strike another deal. republicans are still going to want entitlement cuts sop the white house will insist that the next deal include a dollar in tax increases for every dollar in spending cuts. so in that next deal, image republicans want $800 billion in spending cuts, a number of they've kicked around before. democrats will say th
offered them a week ago, which only raised about $1.2 trillion in taxes. because here's what i think is going to happen now. if we get a small deal before we go over the fiscal cliff, either because harry reid and mitch mcconnell come to a deal in the senate, or because democrats jam the republicans in congress, it's mostly going to be about extending the bush tax cuts for the middle class, which will mean letting them expire for the rich. that will net somewhere around $600 billion in new tax...
166
166
Dec 29, 2012
12/12
by
CSPAN
tv
eye 166
favorite 0
quote 0
president obama promised in his campaign to lower the corporate tax rate, which i believe would bring some corporations back to set up their factories of in america and said of china, india, brazil. it just seems like congress and our leaders in general are trying to bring america down equal to the other nations of the world. i believe it is all headed for a one world government. they have to knock america down before they can get us equal with the other countries in the world. we are building the other countries up. it's a cinch to me like our leaders reject i agree with the last caller, there should be term limits. after they are in there so long, their interest is not in helping america. it seems to me like they are positioning for money in their own pockets or they become lobbyists. this secreted a law that they should not be able to become lobbyists for a few years sucker they leave congress or senate. they need to just bring america back up. if it would bring more jobs back to america, then we would have more taxes to be collected. host: more in the financial times this morning.
president obama promised in his campaign to lower the corporate tax rate, which i believe would bring some corporations back to set up their factories of in america and said of china, india, brazil. it just seems like congress and our leaders in general are trying to bring america down equal to the other nations of the world. i believe it is all headed for a one world government. they have to knock america down before they can get us equal with the other countries in the world. we are building...
90
90
Dec 29, 2012
12/12
by
CSPAN
tv
eye 90
favorite 0
quote 0
families and not know how to deal with the unfair debt tax. more american energy means more american jobs. energy projects in the united states we have held back by federal obstacle of all kinds. the keystone xl pipeline has been hanging in the balance because president obama has been unwilling to move forward on what should have been an easy decision. republicans hope to work across the aisle to solve these other challenges facing america. in the next few days leaders have important responsibilities to work together to do just that. unless congress and the president act immediately, every american will be forced to pay for the largest tax hike in our nation's history on january the first. the federal government and defense workers will undergo across the board budgetary cuts. these are the cuts that president obama promised during the campaign would never take effect. we can do this in a much smarter way. economists have continually warned that going over the fiscal cliff will lead to a devastating job losses at a time when american families
families and not know how to deal with the unfair debt tax. more american energy means more american jobs. energy projects in the united states we have held back by federal obstacle of all kinds. the keystone xl pipeline has been hanging in the balance because president obama has been unwilling to move forward on what should have been an easy decision. republicans hope to work across the aisle to solve these other challenges facing america. in the next few days leaders have important...
77
77
Dec 28, 2012
12/12
by
WMAR
tv
eye 77
favorite 0
quote 0
floor a blase sick package for an up or down vote, one that protects the middle class from an income tax high, extends the vital lifeline of pun insured been fits and a plan for an economic growth and deficit reduction. >> that was president obama talking with four days left in that fiscal cliff deadline saying he's hoping congress will reach a deal on this. if not, he's asking them to bring a package to the floor that will protect middle class mrns. >>> coming up all brand-new at 6:00, american families are now banned from adopting russian children. we'll hear from one local family who calls it a death sentence for thousands of small children. >> before you get to work on your next home repair project, we're warning you about the dangers of trying to do it yourself. now a preview of what's ahead on world news at 6:30. >> the 11th our deal or no -- hour deal or no deal. tonight the track of the storm and where it will hit. >>> the nation is mourning the loss of the man who led allied forces in the gulf war. norman schwarzkopf was credited with winning the war and the public's imagination
floor a blase sick package for an up or down vote, one that protects the middle class from an income tax high, extends the vital lifeline of pun insured been fits and a plan for an economic growth and deficit reduction. >> that was president obama talking with four days left in that fiscal cliff deadline saying he's hoping congress will reach a deal on this. if not, he's asking them to bring a package to the floor that will protect middle class mrns. >>> coming up all brand-new...
339
339
Dec 29, 2012
12/12
by
CNNW
tv
eye 339
favorite 0
quote 0
so president obama agreed to extend the tax cuts for two more years in exchange for congress extending federal emergency unemployment benefits. those cuts are expensive. if they're extended by 2020, the bush-era tax cuts will be responsible for more than half the total national debt. democrats insist that taxes go up for the wealthy but stay in place permanently for those earning less than $250,000 a year. >> we need to stop the job killing tax hikes, and we need to start cutting spending now. >> republicans refuse to play ball. they say no higher rates on the rich, no tax hikes on anyone. based on an ideology that calls for government to be as small as possible. the roots are as old as american politics, but today the philosophy's main spokesman is this man. grover norquist, president of americans for tax reform. norquist's pledge signed by almost all republicans in congress forbid signatories from raising taxes ever under any circumstances. things come to a head in the summer of 2011, republicans demand the government reduce the deficit as a condition for raising the nation's debt ce
so president obama agreed to extend the tax cuts for two more years in exchange for congress extending federal emergency unemployment benefits. those cuts are expensive. if they're extended by 2020, the bush-era tax cuts will be responsible for more than half the total national debt. democrats insist that taxes go up for the wealthy but stay in place permanently for those earning less than $250,000 a year. >> we need to stop the job killing tax hikes, and we need to start cutting spending...
515
515
Dec 31, 2012
12/12
by
FOXNEWSW
tv
eye 515
favorite 0
quote 0
health care tax. the only thing you left out of that wrap is just like greece. >> the first time an attorney general to be held in contempt. >> and the vote that the house republicans want is a political vote. >> they played a bad hand, right now it's going to be a witch hunt. if you get more then it becomes intervention. >> the water has just now breached over the sand dunes. >> hurricane sandy a superstorm meteorologists are calling a once in a lifetime occurrence. the whole coast is devastated. >> the number of ambulances to move these children is remarkable. >> and lost homes in many forms-- ♪ ♪ >> andrew breitbart died this morning, he was 43. he was a publisher, an activist and a commentator, but that says almost nothing about this force of nature. he was a big kid who treated his opponents like humans. it was never about people, it was always, always about principles. . >> the u.s. has just evacuated all personnel from benghazi to tripoli. >> this was something that was a concerted effort,
health care tax. the only thing you left out of that wrap is just like greece. >> the first time an attorney general to be held in contempt. >> and the vote that the house republicans want is a political vote. >> they played a bad hand, right now it's going to be a witch hunt. if you get more then it becomes intervention. >> the water has just now breached over the sand dunes. >> hurricane sandy a superstorm meteorologists are calling a once in a lifetime...
99
99
Dec 28, 2012
12/12
by
WUSA
tv
eye 99
favorite 0
quote 0
the deadline for across the board tax increases and deep spending cuts is just four days away. president obama is scheduled to meet with congressional leaders at the white house this afternoon. senate majority leader harry reid says the likelihood of reaching a deal is a long shot. but senator charles schumer told the "today" show that the odds are better than people think. if a deal were to pass, senate house speaker john boehner would have to agree to take it to the floor of the republican controlled house. danielle nottingham has more. >> reporter: president obama is meeting today at the white house with top congressional democrats harry reid and nancy pelosi and leading republicans mitch mcconnell and john boehner. it's the president's first meeting with congressional leaders since november 16th. the closed door discussions are an attempt to reach a last- minute agreement to avoid automatic spending cuts and tax increases due to kick in on january 1st. >> probably the worst case scenario will come out of this maybe today and -- meeting today and that is we will kick the can
the deadline for across the board tax increases and deep spending cuts is just four days away. president obama is scheduled to meet with congressional leaders at the white house this afternoon. senate majority leader harry reid says the likelihood of reaching a deal is a long shot. but senator charles schumer told the "today" show that the odds are better than people think. if a deal were to pass, senate house speaker john boehner would have to agree to take it to the floor of the...
174
174
Jan 1, 2013
01/13
by
CSPAN
tv
eye 174
favorite 0
quote 0
so to president obama, congratulations on your tax rate increase. you fought hard and you won. i hope i have the courage of my convictions not to raise the debt ceiling until you and others will work with me to find a plan to begin to get us out of debt. so you mentioned medicare today in your speech. i'm glad you did. in 2024, it completely becomes insolvent. think of how many people in this country need medicare and will need it 20 years from now. if we don't do something, it's going to run out of money. the age of eligibility for medicare recipients is 65. it hasn't changed one day since 1965 when it was first started. we're all living longer. i propose we adjust the retirement age to 67 over a 10 or 20-year period. that will save the program in many ways. people in my income level, we shouldn't get any money from the government to help buy my prescription drugs. i should pay the full cost because i can afford to. that's called means testing. and this c.p.i. thing you hear a lot about, that's how you evaluate benefits. it needs to be re-evaluated based on real inflation. we'
so to president obama, congratulations on your tax rate increase. you fought hard and you won. i hope i have the courage of my convictions not to raise the debt ceiling until you and others will work with me to find a plan to begin to get us out of debt. so you mentioned medicare today in your speech. i'm glad you did. in 2024, it completely becomes insolvent. think of how many people in this country need medicare and will need it 20 years from now. if we don't do something, it's going to run...
121
121
Dec 28, 2012
12/12
by
FOXNEWSW
tv
eye 121
favorite 0
quote 0
and don't forget, these are the bush-obama tax cuts. all the president needs to do is actually propose some spending cuts. i think with geithner's admission that the debt ceiling will be burst through on december 31st clearly shows it's a problem. it's time to cut spending, not for now but future generations that have to pay this off. >> it seems to me, congressman gohmert, the bush tax cuts have been law since 2001-2003. it seems if the president doesn't want to go over the fiscal cliff, you guys pass the bill, harry reid could do something he hasn't done in over three years, pass it in the senate, give it to the president, and nobody's taxes are going to go up, crisis averred and then they can spend team after the new year negotiating tax reform, entitlement reform, living within our means. why don't they just do that? >> well, they could, but they want to demonize the house. they want to pontiff indicate without actually doing anything in the way of legislating. sean, if you look back at the history, the deficit ceiling bill back a y
and don't forget, these are the bush-obama tax cuts. all the president needs to do is actually propose some spending cuts. i think with geithner's admission that the debt ceiling will be burst through on december 31st clearly shows it's a problem. it's time to cut spending, not for now but future generations that have to pay this off. >> it seems to me, congressman gohmert, the bush tax cuts have been law since 2001-2003. it seems if the president doesn't want to go over the fiscal cliff,...
81
81
Dec 27, 2012
12/12
by
CSPAN
tv
eye 81
favorite 0
quote 0
obama was elected, so live with it. he is the president. i want to do my fair share. if i am ok with paying a bit moe taxes to make sure our country gets out of this quagmire. god bless america. host: that was larry in massachusetts. the lead editorial this morning in the financial times -- again, that's from the financial times. michael vincent, statin island, new york. good morning. caller: good morning. pastor of one world life systems. on the darkest day of 1990 in washington, d.c., i began my ministry. that is something people don't realize, especially those who attack those who work with the indigent or support for the struggling -- or the poor. when i was back in d.c., we had dan and bob and they sat in an irish bar around the corner and worked out the tax bill in 1987, i believe the year was. that's the kind of leadership the article was just talking about. instead of the people that call up and paris at the propaganda, we really have to be practical. -- that parrot the propaganda. a house divided cannot stand. let me give my personal example. i live on $6.66
obama was elected, so live with it. he is the president. i want to do my fair share. if i am ok with paying a bit moe taxes to make sure our country gets out of this quagmire. god bless america. host: that was larry in massachusetts. the lead editorial this morning in the financial times -- again, that's from the financial times. michael vincent, statin island, new york. good morning. caller: good morning. pastor of one world life systems. on the darkest day of 1990 in washington, d.c., i began...
74
74
Dec 27, 2012
12/12
by
FBC
tv
eye 74
favorite 0
quote 0
in response to put up 800 million in tax revenue changing his entire mind and obama said basically i don't have to respond to this, i will just take it. >> president obama is governing as a negative way with an iron fist. he wants them to respect his perceived election mandate and friendly john boehner was acting in good faith because by allowing tax rate go up on certain segments of the population was compromising principles in hopes of something in return and the president offered nothing in return. gerri: there is a big storm, hundreds of flights have been canceled. it is very possible not everybody will be able to be there. with this disrupts the situation yet again? >> it could. one of my favorite movies is planes, trains and automobiles. why trouble are those in hawaii. it could be a problem. look, i agree with you, these are congressmen and congresswoman. if there is seriously a deal, they will find a way to get here and it will be done. gerri: there were all sorts of interesting stories, rumors about putting something on a table on sunday. some other information going to come
in response to put up 800 million in tax revenue changing his entire mind and obama said basically i don't have to respond to this, i will just take it. >> president obama is governing as a negative way with an iron fist. he wants them to respect his perceived election mandate and friendly john boehner was acting in good faith because by allowing tax rate go up on certain segments of the population was compromising principles in hopes of something in return and the president offered...
658
658
Dec 30, 2012
12/12
by
CNNW
tv
eye 658
favorite 0
quote 0
>> and when john boehner came up with what i kept seeing the pictures of john boehner and president obama sitting together and very good picture and they are both good guys to come up with a plan, and john boehner came up with a plan that democrats would not enjoy the idea that taxes going up on people earning more than $1 million a year and not acceptable for most people, but he could not get members of his own caucus to agree to it, so it is not fair for the republicans to somehow suggest that we are here because of the democrats. i am not saying that the democrats had nothing to do with it, but you can't get your own act together, and the republicans and the democrats in the house can't get their act together. >> well, we are here as inaction, and here is the deal on that, and what the president wanted to do was to generate enough revenue to cover government for agent eight days, seven or eight days and what do you do with the other 350-plus days leftover? you cannot continue to run trillion dollar deficits every year, because we are already at $16 trillion in debt. what we have is a d
>> and when john boehner came up with what i kept seeing the pictures of john boehner and president obama sitting together and very good picture and they are both good guys to come up with a plan, and john boehner came up with a plan that democrats would not enjoy the idea that taxes going up on people earning more than $1 million a year and not acceptable for most people, but he could not get members of his own caucus to agree to it, so it is not fair for the republicans to somehow...
212
212
Dec 30, 2012
12/12
by
MSNBCW
tv
eye 212
favorite 0
quote 0
that would extend middle-class tax cut, deal with spending cuts. it's a basic plan that the president is calling for. something similar has already passed so the white house feels confident that what the president is calling for could again pass through the senate and get through the house. in order for that to happen, richard, that would involve every single democrat in the house voting for it as well as about 30 republicans. so the question is could they actually get that many republicans to vote for this pack am that the president is calling for. but politically what he is doing is essentially saying this is the plan i'm putting forth, let's get it through the senate and if it fails, it will fail through the senate house, letting republicans own that failure. putting it in a box. president obama giving the lawmakers here two options. one, to come up with their own alternative proposal. of course, that's something senate majority leader harry reid will work on. if not, he'll say put my plan to basic up or down vote. richard? >> kristen, i didn't
that would extend middle-class tax cut, deal with spending cuts. it's a basic plan that the president is calling for. something similar has already passed so the white house feels confident that what the president is calling for could again pass through the senate and get through the house. in order for that to happen, richard, that would involve every single democrat in the house voting for it as well as about 30 republicans. so the question is could they actually get that many republicans to...
229
229
Dec 31, 2012
12/12
by
MSNBCW
tv
eye 229
favorite 0
quote 0
president obama campaigned in 2008 to keep 98% of the households with those tax cuts that were unaffordable. the republicans, 100% with the tax cuts that are unaffordable. the basic fact is, neither party is getting to the core of the matter, which is that we don't have the revenues needed to run the federal government. nobody is specifying the cuts that would make it possible because those cuts can't be made to the revenues that were set in the bush era. and this is the basic problem. it's been phony for a decade now. >> ed rendell. >> first of all, on the short term, the president did offer chain cpi, which is something his base hates. so he has put something on the table that was significant. now, could he deliver that with his base? >> didn't reid say it's not on the table? >> yes. >> every bipartisan proposal does include those changes. >> understand what we're talking about is a short-term deal. dr. sachs is right, we have to get to simpson-bowles -- and michael is right -- we have to get to the framework of simpson-bowles to really solve the debt crisis. we haven't even taken a shot
president obama campaigned in 2008 to keep 98% of the households with those tax cuts that were unaffordable. the republicans, 100% with the tax cuts that are unaffordable. the basic fact is, neither party is getting to the core of the matter, which is that we don't have the revenues needed to run the federal government. nobody is specifying the cuts that would make it possible because those cuts can't be made to the revenues that were set in the bush era. and this is the basic problem. it's...